Kinsale Capital Group, Inc. Announces Quarterly Dividend of $0.25 (NYSE:KNSL)

Kinsale Capital Group, Inc. (NYSE:KNSL) declared a quarterly dividend on Wednesday, August 12th. Investors of record on Friday, August 28th will be given a dividend of 0.25 per share by the financial services provider on Monday, September 14th. This represents a c) annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend is Friday, August 28th.

Kinsale Capital Group has increased its dividend by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 2 years. Kinsale Capital Group has a payout ratio of 4.9% indicating that its dividend is sufficiently covered by earnings. Analysts expect Kinsale Capital Group to earn $21.49 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 4.7%.

Kinsale Capital Group Stock Down 0.2%

Kinsale Capital Group stock opened at $373.96 on Thursday. Kinsale Capital Group has a 1-year low of $287.20 and a 1-year high of $485.00. The firm has a market capitalization of $8.52 billion, a price-to-earnings ratio of 15.15, a P/E/G ratio of 1.18 and a beta of 0.89. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.11. The firm has a 50 day simple moving average of $336.68 and a 200 day simple moving average of $346.13.

Kinsale Capital Group (NYSE:KNSL) last posted its earnings results on Thursday, July 23rd. The financial services provider reported $5.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.11 by $0.43. Kinsale Capital Group had a return on equity of 25.54% and a net margin of 28.49%.The firm had revenue of $548.52 million for the quarter, compared to the consensus estimate of $445.13 million. During the same quarter in the prior year, the business posted $4.78 earnings per share. The business’s quarterly revenue was up 16.8% on a year-over-year basis. On average, analysts predict that Kinsale Capital Group will post 21.1 earnings per share for the current year.

Insiders Place Their Bets

In other Kinsale Capital Group news, CAO Christopher R. Tangard bought 330 shares of Kinsale Capital Group stock in a transaction that occurred on Monday, June 8th. The stock was acquired at an average cost of $304.00 per share, for a total transaction of $100,320.00. Following the completion of the transaction, the chief accounting officer directly owned 380 shares in the company, valued at $115,520. This represents a 660.00% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Salmaan K. Allibhai sold 250 shares of the company’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $311.17, for a total value of $77,792.50. Following the completion of the transaction, the insider owned 3,645 shares in the company, valued at $1,134,214.65. This represents a 6.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 5.60% of the company’s stock.

Institutional Trading of Kinsale Capital Group

A number of large investors have recently modified their holdings of KNSL. AQR Capital Management LLC raised its stake in Kinsale Capital Group by 76.2% in the first quarter. AQR Capital Management LLC now owns 835 shares of the financial services provider’s stock valued at $397,000 after purchasing an additional 361 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in Kinsale Capital Group by 72.9% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 102 shares of the financial services provider’s stock worth $49,000 after buying an additional 43 shares in the last quarter. Brown Advisory Inc. increased its holdings in shares of Kinsale Capital Group by 7.9% in the 2nd quarter. Brown Advisory Inc. now owns 1,117 shares of the financial services provider’s stock worth $541,000 after buying an additional 82 shares during the last quarter. Jump Financial LLC increased its holdings in shares of Kinsale Capital Group by 136.9% in the 2nd quarter. Jump Financial LLC now owns 1,097 shares of the financial services provider’s stock worth $531,000 after buying an additional 634 shares during the last quarter. Finally, Cerity Partners LLC increased its holdings in shares of Kinsale Capital Group by 45.3% in the 2nd quarter. Cerity Partners LLC now owns 5,021 shares of the financial services provider’s stock worth $2,430,000 after buying an additional 1,566 shares during the last quarter. Institutional investors own 85.36% of the company’s stock.

Kinsale Capital Group Company Profile

Kinsale Capital Group, Inc (NYSE:KNSL) is a specialty property and casualty insurance company headquartered in Richmond, Virginia. Established in 2009, the company focuses on underwriting complex and underserved risks across the United States. Kinsale operates through a network of wholesale brokers and independent agencies, offering tailored coverage solutions for a range of niche industries.

The company’s product portfolio includes general liability, business auto, professional liability, environmental liability, inland marine, cyber liability, and other specialty lines.